Mon.May 15, 2023

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ESG Securities Fraud

Harvard Corporate Governance

Posted by James J. Park (UCLA) , on Monday, May 15, 2023 Editor's Note: James J. Park is a Professor of Law at UCLA. This post is based on his recent article , forthcoming in the Wake Forest Law Review. Related research from the Program on Corporate Governance includes Rethinking Basic (discussed on the Forum here ) by Lucian Bebchuk and Allen Ferrell; and Price Impact, Materiality, and Halliburton II (discussed on the Forum here ) by Allen Ferrell and Andrew H.

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How firms can prioritize accountants’ mental health in the workplace

ThomsonReuters

Working in the tax and accounting industry can be a stressful job. With long hours, tight deadlines, and pressure to deliver results, it can be hard to achieve a work-life balance. That’s why it’s important for both tax and accounting professionals and their firms to take steps to protect their mental health. With Mental Health Month upon us, this is a good time to think about strategies to ensure that your teams maintain a healthy work-life balance.

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Nine Developments and Trends Shaping US Shareholder Activism in 2023

Harvard Corporate Governance

Posted by Thomas W. Christopher, Maia Gez and Ty C. Akkoyun, White & Case LLP, on Monday, May 15, 2023 Editor's Note: Thomas W. Christopher and Maia Gez are Partners and Ty C. Akkoyun is an Associate at White & Case LLP. This post is based on their White & Case memorandum. Related research from the Program on Corporate Governance includes The Long-Term Effects of Hedge Fund Activism (discussed on the Forum here ) by Lucian Bebchuk, Alon Brav, and Wei Jiang; Dancing with Activists

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What is a semiconductor?

Mckinsey and Company

Semiconductors are the unsung heroes of the technology world: parts manufactured from pure elements that work behind the scenes to power and connect everything from smartphones to cars.

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How to Leverage Intent Data for Better Outcomes

Speaker: Susan Spencer, Principal of Spencer Communications

Intent signal data can go a long way toward shortening sales cycles and closing more deals. The challenge is deciding which is the best type of intent data to help your company meet its sales and marketing goals. In this webinar, Susan Spencer, fractional CMO and principal of Spencer Communications, will unpack the differences between contact-level and company-level intent signals.

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Comment on The New & Improved Fannie Mae “FRAUDULATOR 2.0” by Seneca

Appraisers Blog

Fannie filed a complaint against me in August 2022. Still have not heard from the state board. I just don’t think they care anymore about these Fannie Mae complaints and probably have written up some one size fits all letter about their findings.

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Jake Paul And Joe Levy's Betr Sports Betting Company Acquires Chameleon, Continues Push For Direct-To-Consumer Platform

Benzinga

Microbetting sports betting platform Betr , founded by Jake Paul and Joey Levy, announced a recent acquisition to continue its push in the sector. Here’s a look at the deal and how it could shape the future of Betr. What Happened: Paul and Levy launched Betr with the goal of simplifying the process of live sports betting and predicting results.

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More Trending

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Kioxia And Western Digital Fast-Track Merger Discussions, Nearing A Deal

Benzinga

Kioxia Holdings Corp and Western Digital Corp (NASDAQ: WDC ) accelerated merger talks have progressed towards a deal as plunging market demand and oversupply of chips weighed on the companies. Kioxia would have a 43% stake and Western Digital a 37% ownership under the deal, Reuters cites familiar sources. Combining their flash memory businesses could boost competitiveness against rivals like South Korea's Samsung Electronics Co, Ltd (OTC: Full story available on Benzinga.

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Comment on FNMA Property Data Collectors Program Violates WV Law by Baggins

Appraisers Blog

In reply to Todd Redington, SRA AI-RRS AGA. Refer to above post of mine, 04/20, 2;04pm. Second link. The state of CO did a study on which states have rules regarding home inspector licensing requirements. My argument is simple; The body of regulation was formed around clear seperation of duties for distinctly different occupations. This new approach purposefully intermingles duties, thereby bypassing the intention of existing regulation.

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The impact of artificial intelligence on the tax and accounting profession

ThomsonReuters

The use of artificial intelligence (AI) has already had a tremendous impact in many industries, and the tax and accounting sector is no exception. As AI technology becomes increasingly sophisticated, it presents CPAs with a range of opportunities to enhance their advisory services through automated processes, real-time insights, and personalized advice.

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Comment on The New & Improved Fannie Mae “FRAUDULATOR 2.0” by Baggins

Appraisers Blog

What an excellent article. This also touches on the TAF’s ridiculous proposal to develop an ‘avm accreditation program’ which would substitute a human credentialed appraisers signature. Just rubber stamp these avm programs. I’ve talked to many a realty sales agent about avm programs as well. Their firms are constantly switching from one avm subscription to another, as there are very high variances in results, some function as bait and switch, others more on high numbers f

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Statement of Cash Flows vs. Cash Flow Statement

Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker

The old adages that "cash is king" and "you can’t spend profits" still hold true today. But however well-known these sayings might be, it requires a change in mindset to properly implement a cash flow management system that predicts your business's runaway as accurately as possible. Key to this new mindset is understanding the difference between the Statement of Cash Flows, a historical look at the source and uses of cash, and the Cash Flow Statement, which uses transaction history and forward-l

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EU OKs Microsoft-Activision Deal On Cloud Gaming Promises

Law 360 M&A

European Union antitrust officials signed off Monday on Microsoft Corp.'s planned $68.7 billion takeover of Activision Blizzard Inc., mollified that commitments to freely license games via "any cloud game streaming services" bloc gamers use will address the competition concerns that spurred U.K. authorities to block the transaction.

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Mastermind Operating Income Up 282% for Q2 Ending 3/31/23

Business Wire M&A

ATLANTA--(BUSINESS WIRE) - $MMND #Influencer--Today, Mastermind, Inc. (OTC QB:MMND) – a leading vertically-integrated digital marketing firm specializing in designing, creating, and activating marketing campaigns for global brands - released its financial results for the second quarter ending March 31, 2023. The 3-month and 6-month period ending March 31, 2023 showcased impressive growth for Mastermind: Operating Income rose 282% and 71.1% for the 3-month and 6-month periods ended 3/31/23 Gross

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E.U. Approves Microsoft’s $69 Billion Deal for Activision

NYT M&A

The green light follows objections to the blockbuster deal by American and British regulators on the grounds that it would undercut competition.

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EU Commission Adopts New Merger Simplification Package

National Law Review M&A

Jacques Buhart Stéphane Dionnet Christian Krohs Frédéric Pradelles Jurisdiction: European Union Hendrik Viaene Type of Law: Mergers & Acquisitions Antitrust & Trade Regulation Global Corporate & Business Organizations Special highlight:

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Mastering Intent Data: Understanding its Importance & Best Practices

Speaker: Joe Apfelbaum, CEO of Ajax Union

In this webinar, Joe Apfelbaum, CEO of Ajax Union and business strategist, will take you through the ABCs of intent data. You'll learn how to effectively use it to drive business results, with practical tips on how to leverage both company and contact intent data to maximize your marketing efforts. Whether you're a seasoned marketer or just getting started, this webinar is a must-attend for anyone looking to stay ahead in the ever-evolving world of digital marketing.

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Building new businesses in mobility with Travis Katz and Asad Husain

Mckinsey and Company

Travis Katz, CEO of BrightDrop, shares how he navigates the challenges of developing a cutting-edge enterprise, while strategically leveraging GM’s powerhouse capabilities and maintaining agility every step of the way.

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Comment on The New & Improved Fannie Mae “FRAUDULATOR 2.0” by Retired Appraiser

Appraisers Blog

In reply to Mary T Thompson. One might also ask, who in their right mind would stay in that Hell hole?

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Vice files for bankruptcy protection amid cut-price sale to consortium

The Guardian M&A

Digital publisher and owner of Vice News and Vice TV was once valued at $6bn but has agreed sale for $225m Vice, the once high-flying media startup that reached a peak valuation of nearly $6bn (ÂŁ5bn), has filed for bankruptcy protection in the US as the digital publisher engineers a cut-price sale to a group of lenders. The company, whose assets include Vice News, Motherboard, Refinery29 and Vice TV, has agreed a sale to a consortium that includes Fortress Investment Group, Soros Fund Management

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Comment on The New & Improved Fannie Mae “FRAUDULATOR 2.0” by Mary T Thompson

Appraisers Blog

Wow lots of good information and I keep getting stuck on the name “FU” Because that is what they are saying to all of us Appraisers! If you have not already, get out of the lending business and do only personal business. All of the above only confirms that one way or the other you will be in the cross hairs. I do alot of complex properties on the lake.

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Pacific Retail Capital Partners Enters New Jersey with Acquisition of Bridgewater Commons

Business Wire M&A

LOS ANGELES--(BUSINESS WIRE)--Pacific Retail Capital Partners (“PRCP” or the “Company”), one of the nation’s leading retail real estate development, investment, management and advisory firms focused exclusively on evolving retail-led real estate, today announced its entry into New Jersey with the acquisition of Bridgewater Commons, a 1.2 million square foot mall located in Bridgewater, New Jersey.

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Comment on The New & Improved Fannie Mae “FRAUDULATOR 2.0” by Baggins

Appraisers Blog

In reply to Mary T Thompson. Nope. Respectfully, those terms are not acceptable. We can not leave the majority body of unsuspecting home owners and would be home owners to these devices and poorly implemented errantly conceived new programs. Removing the majority body of appraisers from mortgage lending is a clear violation of restraint of trade practices, that the GSE’s alongside amc’s, have already engaged in.

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Chancery Denies Continued Fox Seal On Murdoch Deal Docs

Law 360 M&A

Terming the information "highly likely stale," a Delaware vice chancellor has rejected the continued sealing of documents from a 4-year-old challenge to an $82.4 million stock award to Rupert Murdoch and sons under a partial, $71 billion Twenty-First Century Fox Inc. merger with the Walt Disney Co.

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Comment on The New & Improved Fannie Mae “FRAUDULATOR 2.0” by Mike Ford

Appraisers Blog

In reply to Bill Billson. When an appraiser sends a ‘tip’ or complaint as states consider them and claims specific appraisal defects “after review”, then what they communicated are the results of an appraisal review. They don’t usually sign these or even encourage states to show the respondent appraisers who filed the complaint.

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FTC Ordered To Produce Info 'Fundamental' To Meta Case

Law 360 M&A

A D.C. federal judge on Monday ordered the Federal Trade Commission to hand over materials supporting the agency's contention that consumers would have benefited had Meta never acquired WhatsApp and Instagram, rejecting agency assertions that expert witnesses will spell out which improvements Meta allegedly blocked.

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Comment on The New & Improved Fannie Mae “FRAUDULATOR 2.0” by Mike Ford

Appraisers Blog

In reply to ej. Thanks, EJ, but WBs won’t be coming forward without Congressional protections guaranteed. FNMA has already made serious efforts to find out who they are, as well as to intimidate them with more generic threats. I’m told FHFA is not unaware of the criticisms. Aside from Mr. Radke (because ultimately he is the boss on collateral policy issues), I have not named the lower-level managers directly responsible for communicating the quota threats (always orally) though I do

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Catching Up With Delaware's Chancery Court

Law 360 M&A

In Delaware Chancery Court last week, Pandora stockholders announced a settlement, Hertz stockholders filed a new suit, Facebook stockholders scored a win, Oracle stockholders suffered a loss, and Block stockholders launched an appeal. In case you missed any of it, here's your weekly run-down of news out of Delaware's Chancery Court.

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Comment on The New & Improved Fannie Mae “FRAUDULATOR 2.0” by Baggins

Appraisers Blog

In reply to Mike Ford. Hey there. Made it just for this thread. I’ve been playing with premade elements and paint 3-d. It’s within the public realm now, fair game under Fair Use laws, no permission is necessary. Feel free. All meme’s with ready made caption images on sites like ‘img flip’ are already recognized under fair use laws.

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EU clears Microsoft-Activision deal despite UK’s decision to block acquisition

Financial Times M&A

Competition officials in Brussels take different view from UK regulator on cloud gaming market

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Comment on The New & Improved Fannie Mae “FRAUDULATOR 2.0” by Bill Billson

Appraisers Blog

In reply to Mike Ford. Fannie’s review appraisers have long claimed they don’t have to comply with USPAP. Ask any appraiser who works in the collateral department of a lender who has dealt with them on buybacks. Their reviewers out of Plano (or wherever) don’t necessarily even have geo-competence in many cases. A HousingWire article that was published today stated that small and midsize lenders are the ones dealing with these buybacks, and it’s not just appraisal related.

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Musk's Change Of Heart Can't Nix SEC Deal, 2nd Circ. Says

Law 360 M&A

Elon Musk cannot back out of a settlement with the U.S. Securities and Exchange Commission that requires him to submit to oversight of his Tesla-related tweets simply because he "changed his mind" about the deal, the Second Circuit ruled Monday.

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Comment on The New & Improved Fannie Mae “FRAUDULATOR 2.0” by Mike Ford

Appraisers Blog

Oddly from another perspective. [link] I wonder if MBA knows they can force FNMA into INDIVIDUAL LOAN arbitration over these? It never ceases to amaze me that FNMA blames literally everything connected to credit-granting processes and loan purchases EXCEPT their own deficiencies! CU was supposed to catch/prevent these types of things from happening right out of the gate.

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What Associates Need To Know Before Switching Law Firms

Law 360 M&A

The days of staying at the same firm for the duration of one's career are mostly a thing of the past as lateral moves by lawyers are commonplace, but there are several obstacles that associates should consider before making a move, say attorneys at HWG.

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Comment on The New & Improved Fannie Mae “FRAUDULATOR 2.0” by Mike Ford

Appraisers Blog

In reply to EJ. Josh Tucker; A few others but this is very new and though some meetings of appraisers are scheduled (and two pending meetings with individual Congress Members) are in the works.

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Center Parcs UK owner seeks double what it paid with near-ÂŁ5bn price tag

The Guardian M&A

Private equity firm hopes to cash in on post-Covid trend for UK domestic breaks with sale of six resorts Center Parcs’ UK and Irish business is being put up for sale with a price tag of up to £5bn – double the amount it was bought for in 2015 – as its private equity owners seek to cash in on the trend for domestic breaks kickstarted by the Covid pandemic.

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Comment on FNMA Property Data Collectors Program Violates WV Law by Todd Redington, SRA AI-RRS AGA

Appraisers Blog

I need some help from the blogosphere on this issue. A presentation is being made to the WA Real Estate Appraisal Commission (REAC) regarding PDCs. Obviously, this Post cites WV as having made the determination that PDCs violate WV law, However, I thought I heard that there were other states that had made a similar determination. Not many as of yet, but some.